Antariksh Industries Ltd — Updates, 01-01-1970: Company Update

Mrs. Gitaben Nitinbhai Patel has announced a board meeting to approve an open offer to acquire up to 52,000 equity shares (26%) of Antariksh Industries Limited at Rs. 96 per share, totaling Rs. 49.92 lakh. This follows her agreement to purchase 1,03,400 shares (51.7%) from existing promoters for Rs. 99.26 lakh, giving her majority control. The offer is a cash transaction intended to gain control of the company, who will remain listed. The acquirer confirms sufficient financial resources to complete the acquisition, signaling a significant change in the company’s ownership and control structure.